Essex Property Trust, Inc.

ESS
Real EstateDividend Aristocrat
$276.70
3.72%Fair Value

Essex Property Trust, Inc. (ESS) is a Real Estate company that currently yields 3.72% — trading near fair value based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $229.90 and the overvaluation threshold at $334.70. Essex Property Trust, Inc. holds a quality score of 28/100 (Risky), reflecting 25 consecutive years of dividend growth with a 116% payout ratio. The 5-year dividend CAGR stands at 4.1%.

ESS Dividend Yield History — Weiss Valuation

Underval. $229.90Overval. $334.70

Distance to undervalued

Waiting for a better entry

Needs about 16.9% downside to reach the Weiss buy zone

Undervaluation starts near $229.90, where the annual dividend would imply roughly 4.48% yield. That is 0.76% above today's yield.

Buy-zone price

$229.90

Target yield

4.48%

Research checklist

What to clear before buying the yield

Updated May 25, 2026

Dividend durability

25Y

Long dividend history supports a deeper look.

Earnings payout

116%

Coverage deserves a closer look in filings.

Cash payout

68%

Free cash flow coverage supports the payment.

Dividend growth

4.1%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-05-232026-05-25

No major change in signal, yield, price, quality, or payout since the last update.

Why Now?

Essex Property Trust, Inc. is trading at a fair valuation relative to its dividend history.

Current yield 3.7% vs historical max 4.6% (80% of maximum).

Recent dividend history shows no sustained growth streak.

Elevated payout ratio of 116%.

What matters now

Read the signal before the headline yield

Valuation is neutral here: quality has to do more of the work than entry price.

The 28/100 quality score says the headline yield needs extra skepticism.

The earnings payout ratio is above 100%, so coverage is the first risk to unpack.

ESS Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$388

Year 10 Income

$832

Yield on Cost

8.78%

Total Income

$5,788

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

More research

Full price history & technical analysis

TradingView ↗

Fundamentals, valuation & analyst ratings

FinViz ↗

Moat rating & analyst fair value

Morningstar ↗

ESS Dividend Quality Score

Quality Score

28/ 100

Risky

Payout Ratio0/25
Dividend Streak0/25
Growth (CAGR 5Y)8/20
Yield vs History10/15
FCF Coverage10/15

Key Metrics

Current Price$276.70
Annual Dividend$10.30
Current Yield3.72%
Yield — Max (10Y)4.64%
Yield — Min (10Y)3.22%
Undervalued Below$229.90
Overvalued Above$334.70
Payout Ratio115.86%
CAGR Dividend 5Y4.1%
CAGR Dividend 10Y5.8%
Years No Cut1y

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25
consecutive years of dividend growth